As of December 31, 2023

(MNT million)

STATEMENT OF FINANCIAL POSITION		31/12/2022	31/12/2023 (Unaudited)
1	ASSETS
1.1	Cash and cash equivalents	483,493	353,296
1.2	Due from banks and financial institutions	69,136	78,448
1.3	Financial investments	12,279	62,678
1.4	Loans and advances to customers (net)	556,701	672,435
1.4.1	Performing loans	497,794	632,883
1.4.2	Non-performing loans	77,125	62,023
1.4.3	Deferred loan payment	(140)	(159)
1.4.4	Accrued interest receivable	11,399	15,013
1.4.5	Loan loss provision	(29,477)	(37,325)
1.5	Derivative financial assets	3,813	2,443
1.6	Other financial assets	694	703
1.7	Other non-financial assets	3,274	20,906
1.8	Fixed assets	22,125	19,603
1.9	Properties held for sale	–	14,902
1.10	Intangible assets	10,486	13,067
1.11	Total assets	1,162,001	1,238,481
2	LIABILITIES
2.1	Current accounts	120,912	92,072
2.2	Savings accounts	400,133	482,662
2.3	Due to banks and financial instituitions	404,291	368,160
2.4	Other funds	20,560	47,667
2.5	Derivative financial liabilities	5,840	3,409
2.6	Other liabilities	24,042	47,456
2.7	Total liabilities	975,778	1,041,426
3	EQUITY
3.1	Share capital	146,474	146,474
3.2	Share premium	15,647	15,647
3.3	Treasury shares	(7,032)	(7,032)
3.4	Retained earnings	30,030	41,867
3.5	Other reserves	1,104	99
3.6	Total equity	186,223	197,055
4	TOTAL LIABILITIES AND EQUITY	1,162,001	1,238,481

OFF BALANCE SHEET
Contingencies and commitments (net)	11,078	16,760

(MNT million)

INCOME STATEMENT		31/12/2022	31/12/2023 (Unaudited)
1	Interest income	84,938	117,621
1.1	From Bank of Mongolia	415	1,847
1.2	From banks and financial institutions	2,582	3,397
1.3	From securities	4,372	7,766
1.4	From loans	72,480	100,867
1.5	Other interest income	5,089	3,744
2	Interest expense	45,956	74,205
2.1	Interest expense on current accounts	–	1,877
2.2	Interest expense on savings accounts	37,816	61,858
2.3	Interest expense on borrowed funds	2,378	2,940
2.4	Interest expense on securities	1,711	1,052
2.5	Other interest expenses	4,051	6,478
3	Net interest income (1-2)	38,982	43,416
4	Provision expense	9,190	8,177
4.1	Deposits at banks and financial institutions	768	252
4.2	Securities	69	6
4.3	Loans	8,353	7,919
5	Net income after provision (3-4)	29,792	35,239
6	Other income	31,544	31,202
6.1	Non-interest income	31,100	31,072
6.1.1	Trading income	19,213	14,229
6.1.2	Foreign exchange and revaluation income	10,497	15,271
6.1.3	Fees and commission income	1,390	1,307
6.1.4	Other non-interest income	–	265
6.2	Other income, gain	444	130
7	Other expenses	47,704	53,850
7.1	Non-interest expenses	47,157	53,620
7.1.1	Other provision expense	58	–
7.1.2	Trading expense	15,191	10,974
7.1.3	Foreign exchange and revaluation expense	9,376	14,939
7.1.4	Fees and commission expense	1,150	1,512
7.1.5	Other operating expenses	21,382	26,195
7.2	Other expenses, losses	547	230
8	Profit Before Tax (5+6-7)	13,632	12,591
9	Income tax expense	2,944	1,858
10	Net profit for the year (8-9)	10,688	10,733
11	Other comprehensive income	(76)	52
12	Total comprehensive income for the year (10+11)	10,612	10,785

(MNT million)

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA	LIMIT	PERFORMANCE
Tier 1 capital ratio	≥ 9%	22.5%
Capital adequacy ratio	≥ 12%	22.5%
Liquidity ratio	≥ 25%	33.8%
Foreign currency open position ratio (single currency)	< ±15%	-2.9%
Foreign currency open position ratio (total)	< ±30%	-8.1%

(MNT million)

LOANS AND ADVANCES TO RELATED PARTIES		CATEGORY OF ASSETS	BALANCE	PERCENT OF TOTAL EQUITY
1	Loans and advances to a related party (less than 5% of total equity)			3.2%
1.1	Bank shareholders	–	–	0.0%
1.2	Key management personnel	–	–	0.0%
1.3	Other related parties	Loan	6,351	3.2%
2	Total loans and advances to related parties (less than 20% of total equity)			12.4%
2.1	Bank shareholders	Loan	100	0.1%
2.2	Key management personnel	Loan	404	0.2%
2.3	Other related parties	Loan	23,907	12.1%